CSN Mineracao (BSP:CMIN3) Days Payable: 106.35 (As of Mar. 2026) — 44% Above Median


BSP:CMIN3 CSN Mineracao SA BSP:CMIN3
71 GF Score
Price R$4.25
GF Value R$5.31
Valuation Modestly Undervalued
! 8 Warning Signs
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What is CSN Mineracao Days Payable?

CSN Mineracao BSP:CMIN3 +0.24% 71 Days Payable is 106.35 as of Mar. 2026, which is 44% above its 10-year median of 73.89. GuruFocus rates BSP:CMIN3 with a GF Score™ of 71/100 and a GF Value™ of R$5.31 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 599 Steel companies, CSN Mineracao ranks better than 78.13% on this metric.

CSN Mineracao's average Accounts Payable for the three months ended in Mar. 2026 was R$2,372 Mil. CSN Mineracao's Cost of Goods Sold for the three months ended in Mar. 2026 was R$2,035 Mil. Hence, CSN Mineracao's Days Payable for the three months ended in Mar. 2026 was 106.35.

The historical rank and industry rank for CSN Mineracao's Days Payable or its related term are showing as below:

BSP:CMIN3' s Days Payable Range Over the Past 10 Years
Min: 57.97   Med: 73.89   Max: 93.2
Current: 86.57

During the past 9 years, CSN Mineracao's highest Days Payable was 93.20. The lowest was 57.97. And the median was 73.89.

BSP:CMIN3's Days Payable is ranked better than
78.13% of 599 companies
in the Steel industry
Industry Median: 41.39 vs BSP:CMIN3: 86.57

CSN Mineracao's Days Payable increased from Mar. 2025 (86.37) to Mar. 2026 (106.35). It may suggest that CSN Mineracao delayed paying its suppliers.


CSN Mineracao Days Payable Historical Data

* Premium members only.

The historical data trend for CSN Mineracao's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CSN Mineracao Days Payable Chart

CSN Mineracao Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only 57.97 65.31 59.87 93.20 91.96

CSN Mineracao Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.37 79.98 81.35 92.29 106.35

BSP:CMIN3 vs NUE, STLD, RS: Days Payable Comparison

For the Steel subindustry, CSN Mineracao's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CSN Mineracao Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, CSN Mineracao's Days Payable distribution charts can be found below:

* The bar in red indicates where CSN Mineracao's Days Payable falls into.


BSP:CMIN3
71GF Score
CSN Mineracao SA BSP:CMIN3
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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CSN Mineracao Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

CSN Mineracao's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (2254.982 + 2708.873) / 2 ) / 9850.577*365
=2481.9275 / 9850.577*365
=91.96

CSN Mineracao's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (2708.873 + 2034.469) / 2 ) / 2034.884*365 / 4
=2371.671 / 2034.884*365 / 4
=106.35

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 106.35 mean?
CSN Mineracao (BSP:CMIN3) has a Days Payable of 106.35 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CSN Mineracao and its competitors. This is 44% above median its historical median of 73.89. Over the past decade, CSN Mineracao's Days Payable has ranged from 57.97 to 93.20. According to the industry distribution chart, CSN Mineracao ranks #131 out of 599 companies in the Steel industry, placing it in the top 21.9%.
Is CSN Mineracao's Days Payable too high?
CSN Mineracao's current Days Payable of 106.35 is 44% above median its 10-year median of 73.89. Over the past 10 years, this metric has ranged from a low of 57.97 to a high of 93.20. The Steel industry median Days Payable is 41.39. CSN Mineracao's value of 106.35 is 156.9% above this industry median. Based on the distribution chart, CSN Mineracao ranks #131 out of 599 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, CSN Mineracao has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CSN Mineracao's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, CSN Mineracao ranks #131 out of 599 companies for Days Payable. This places CSN Mineracao in the top 22% of its industry — outperforming the majority of peers. The industry median Days Payable is 41.39. CSN Mineracao's value of 106.35 is 156.9% above this benchmark. Historically, CSN Mineracao's own Days Payable has ranged from 57.97 to 93.20 over the past decade. While the company's 10-year median is 73.89 vs. the industry median of 41.39, CSN Mineracao has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Steel company?
The median Days Payable among Steel companies is 41.39, based on 599 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CSN Mineracao's current Days Payable of 106.35 is 156.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CSN Mineracao and its competitors. For the Steel industry, the median Days Payable is 41.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CSN Mineracao's current Days Payable is 106.35, which is 44% above median its own 10-year median of 73.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CSN Mineracao stock overvalued right now?
Based on GuruFocus' analysis, CSN Mineracao (BSP:CMIN3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$5.31, compared to a current price of R$4.25 — trading 20% below its estimated fair value. The current Days Payable is 106.35, which is 44% above median its 10-year median of 73.89 and 156.9% above the Steel industry median of 41.39. CSN Mineracao's overall GF Score™ is 71/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For CSN Mineracao (BSP:CMIN3), the current Days Payable is 106.35 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CSN Mineracao (BSP:CMIN3) Overvalued in 2026?

Based on GuruFocus' analysis, CSN Mineracao stock appears to be undervalued. The current stock price of R$4.25 is trading 20% below its estimated GF Value™ of R$5.31. GuruFocus considers CSN Mineracao to be Modestly Undervalued.

Key valuation signals for BSP:CMIN3:

  • Days Payable: 106.35 (44% above median its 10-year median of 73.89)
  • GF Value™: R$5.31 vs. price of R$4.25 (20% below fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 156.9% above the Steel median (#131 of 599)

No single metric tells the full story. See the BSP:CMIN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CSN Mineracao Business Description

Address Casa de Pedra, PO Box: 97, Congonhas, MG, BRA, 36415-000
CSN Mineracao SA is engaged in the steelmaking business. The company operates in steel, mining, cement, logistics, and energy segments. The product portfolio includes flat, long, steel packaging, steel cutting services, and others. The company operates in Asia, Europe, and the domestic country, with the majority of revenue from Asia.
71GF Score

Get the complete analysis for BSP:CMIN3

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$4.25
Price
R$5.31
GF Value